05/25/2021

Peloton to Invest $400 Million in Ohio

It's building its first U.S.-based factory in Wood County

Peloton said Monday it will invest $400 million to build its first factory in the United States to speed up production and delivery of its popular cycles and high-end treadmill machines.

After vetting a number of locations, it selected a 200-acre site in Troy Township in Wood County, Ohio, to construct more than 1 million square feet of manufacturing, office and amenities space, the company said.

Peloton expects to break ground later this summer on the project, which should bring more than 2,000 jobs to the area. The facility should be up and running by 2023.

Please select this link to read the complete article from NBC News.